Binance Has Completed Travala.com (AVA) Contract Swap and Rebranding to AVA (AVA)
According to an official announcement on September 5th, Binance has completed the contract exchange and rebranding of Travala.com (AVA) on the Ethereum (ERC20) network to AVA (AVA).
The old AVA (BEP2) and AVA (BEP20) tokens have been assigned AVAOLD as their code, and Travala.com (AVA) has been renamed to AVA (AVA).
A Certain Whale Transferred 36 Million USDT to Binance
September 5th, according to on-chain information, a whale starting with 0xB154 transferred 36 million USDT to Binance 7 minutes ago.
Data: A Giant Whale Withdrew 7,400 MKR From Binance 2 Hours Ago
Scopescan monitoring shows that 2 hours ago, the whale 0x4751 extracted 7,400 MKR ($8 million) from Binance. This action seems to have pushed MKR up to $1,185, but the current price is $1,090. In addition, the whale also transferred 155,934 UNFI ($1.4 million) to Binance today, realizing an 80% profit.
Binance’s Global Head of Product and Design Resigns Amid Regulatory Woes
Mayur Kamat, Binance's global head of product and design, has resigned from his role at the crypto exchange. Kamat cited personal reasons for his departure and expressed gratitude for the opportunity to work with Binance's leadership team. Kamat is the latest in a string of senior executives to leave Binance amid its regulatory battles with US authorities. Despite these challenges, Binance remains the largest spot crypto exchange in the world, although its market share has declined in recent months.
Binance Completes Maverick Protocol (MAV) Integration into BNB Smart Chain Network
Binance has announced that it has completed the network integration of Maverick Protocol (MAV) on the BNB Smart Chain (BEP20) and has opened up the recharge and withdrawal services for the Maverick Protocol (MAV) token on the BNB Smart Chain (BEP20) network.
Scopescan: Upbit Is Suspected of Transferring 3.944 Million CYBER to Binance
Scopescan monitoring data shows that Upbit has allegedly transferred 3.944 million CYBER tokens to Binance and currently holds 347,000 tokens.
Data: Bitcoin Open Interest on Binance Platform Hits Nearly 5-Month Low
On September 4th, according to Glassnode data, the open interest of Bitcoin futures contracts on Binance was $2.768 billion, reaching a nearly 5-month low.
Glassnode: Bitcoin Open Interest on Binance Platform Hits Nearly 5-Month Low
September 4th, according to Glassnode data, the open position of Bitcoin contracts on Binance was 2.768 billion US dollars, reaching a nearly 5-month low.
Binance: Measures have been taken against one site for not completely closing the CYBER withdrawal function
On September 1st, Binance responded to rumors on social media that "a user was able to withdraw CYBER tokens from the network during the period when Binance banned CYBER withdrawals on the Ethereum mainnet." Binance suspended the withdrawal of CYBER tokens on August 31st at 03:14:52 (GMT+8) due to insufficient ETH network balance. Currently, Binance is actively communicating and cooperating with the project team to cross-chain the tokens to improve liquidity. Due to system configuration issues, the withdrawal function of a local site in a certain region was not completely closed, resulting in a user from that region extracting 27,000 CYBER tokens from the main site after Binance closed the withdrawal. Binance has located the problem at the fastest speed and has taken corresponding measures. Subsequently, the system configuration process of various regional sites will continue to be optimized to avoid such situations in the future.
CZ: Binance has never sold Bitcoin to maintain the price of BNB
On September 1st, Binance founder CZ denied rumors circulating in the market that Binance had sold Bitcoin to maintain the price of BNB during an AMA. CZ stated: "A few weeks ago, there were many rumors about Binance selling Bitcoin to protect the price of BNB. Personally, I didn't know about this until very late."
CZ: Hope to cooperate with US regulators to push the situation to a better direction
On September 1st, Binance founder CZ stated in an AMA that he believes US regulatory agencies do have access to all data regarding US trading platforms. Currently, they are only uncertain about cryptocurrency regulation, which is why they are taking enforcement action, unfortunately making Binance a target in this situation. However, CZ hopes that through more communication and cooperation, things can move forward in a better direction.
CZ: Users in less developed countries are more willing to use encryption
On September 1st, CZ stated during the ongoing Binance AMA that users in underdeveloped countries have a stronger willingness to use cryptocurrency products. He stated, "Generally speaking, we believe that the number of cryptocurrency users will follow GDP distribution. But recently we have seen more activity from users in underdeveloped countries, where people use Binance Pay for payments and remittances. Their transaction volume is lower, but their participation is more active."
CZ: The crypto bear market is a good opportunity for investment, and Binance will continue to build
On September 1st, Binance founder CZ stated during an AMA that historically, the cryptocurrency market tends to operate in cycles of approximately four years. While many may believe we are currently in a bear market, it is unclear where in the cycle we are or where the bottom may be. Ideally, one should not wait until everyone has invested and asset prices have skyrocketed before taking action. Therefore, there are still opportunities during bear markets. CZ believes there are many positive developments in the cryptocurrency industry today, including increased regulatory involvement and continued growth, which is a good sign. Binance will continue to build and develop in this industry.
The Whale That Previously Borrowed 50,000 BNB From Venus Protocol Has Repaid the Loan
According to Scopescan monitoring, on August 16th, the whale address starting with 0x1E7F borrowed 50,000 BNB (approximately $11.6 million) from Venus Protocol and sent it to Binance. Five hours ago, the whale withdrew BNB from Binance and repaid the loan.
CYBER Is Quoted at $11.9 on Upbit, Which Is Over 30% Higher Than Mainstream CEX
September 1st, according to CoinGecko data, CYBER is currently priced at $11.9 on Upbit, while on the same period, CYBER is priced at $8.77 on Binance, with a premium of over 30% on Upbit.
Binance Mining Pool Launches Ordinals Inscription Service
According to an official announcement, Binance Mining Pool has launched the Ordinals Engraving Service. Users can use this feature to easily attach additional data to a single satoshi, thereby creating digital art stored on the Bitcoin blockchain. Note: Users need to have a Taproot address before using this service.
Data: A giant whale withdrew $4.95 million worth of tokens from Binance 19 hours ago
Based on the analysis of on-chain analyst Yu Jin, a whale transferred a total of 6.32 million USDT between June 30 and August 12. Then, 19 hours ago, the whale withdrew tokens worth $4.95 million from Binance, including:
2,580,596 ARB ($2.44 million);
1,171,454 OP ($1.72 million);
484,719 LDO ($790,000).
The whale may be betting on the upgrade of the Cancun market.
Binance reminds users to convert BUSD to other stablecoins before February 2024
Binance has announced that it will gradually stop supporting BUSD due to Paxos' decision to stop issuing new BUSD tokens. Binance will notify users of affected services through announcements. Your assets are absolutely safe, please rest assured that BUSD will always be anchored to the US dollar at a 1:1 ratio.
Binance will continue to support various stablecoins and other digital assets. The platform reminds users that they can convert their BUSD assets to other assets supported by Binance before February 2024. Users can trade their BUSD assets for FDUSD with zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio with zero spread and zero fees on the flash exchange platform.
Binance Gets Expert Attorney Against the US SEC as SEC Seeks Secret Filing in Lawsuit
Binance.US has been granted a new attorney, Andrew Rhys Davies, in its ongoing lawsuit with the US Securities and Exchange Commission (SEC). The SEC is seeking to file a document under seal, which experts suggest could relate to money laundering allegations or other potential criminal conduct.
Binance Will Delist BETH Trading Pair on October 11
Binance will stop trading and delist BETH trading pairs, including BETH/ETH, BETH/USDT, and BETH/BUSD, at 8:00 UTC on October 11th. After trading stops on each respective trading pair, all pending orders will be automatically removed. Additionally, Binance will also terminate trading bot services for the aforementioned spot trading pairs.
